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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Fidelity Japan Trust Plc | FJV | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 3.00 | 1.75% | 174.50 | 16:29:54 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 174.50 | 174.50 | 175.00 | 174.50 | 171.50 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 12/1/2024 11:22 by sutherlh Found old document, fiv was a typo, it should have been fjv. Like the feel of the chart and with the Nikki near 7 year high added a few more. Just down 20% over the years. H |
Posted at 11/1/2024 09:44 by sutherlh Is this trust fjv the same as fiv? I bought the latter in my ISA many years and can no longer track it. Thanks for any info. H |
Posted at 16/7/2023 09:05 by jonwig Kepler -Warren Buffett’s decision to invest heavily in several Japanese companies over the past 12 months has brought up the usual annoying headlines about how great he is, as well as some discussion as to whether stocks listed in the world’s third-largest economy are worth reevaluating. Is that actually happening? A recent analysis by Copley Fund Research provides some answers by looking at the weightings to Japan in a set of Global Equity Funds. The first thing to note is that the average fund has been underweight to Japan, compared to the MSCI ACWI, for the entirety of the past decade. However, the spread between the average fund weighting and the index weighting has been tightening over the past five years and is now at close to its tightest level since 2014. Another point that stands out in the report is the proportion of funds that have exposure to Japan. Looking at the past decade again, the proportion of global equity funds investing in Japan hit its lowest level approximately 12 months ago. Since then it has bounced back sharply, from a low of 84.9% to 87.1%. However, exposure to Japan is markedly different depending on style. Value funds have an average overweight position. In contrast, income funds and growth investors are both underweight on average. Top down analyses like this can mean you end up capturing data that isn’t entirely accurate, mainly because classifying funds can be an exercise in trying to square a circle. For example, the British & American Investment Trust (BAF), as readers can likely infer, invests in US and UK companies and is benchmarked against the FTSE All-Share. However, it is part of the AIC’s Global Equity Income Sector. Nonetheless, Copley’s research, which looks at funds globally, does seem to fit broadly with trends we see in the UK’s investment trust sector. For instance, every trust in the AIC’s Global Equity Income sector is currently underweight Japan, reflecting the relatively low dividend payouts Japanese companies offer. In contrast, several trusts in the AIC’s Global sector are overweight to Japan. For instance, Bankers (BNKR) upped its weighting from 7.4% at the end of October last year, to 13.4% at the end of May. That coincides with a period where the managers have tilted the portfolio more towards value, after a decade-long period focused on growth. AVI Global (AGT) is probably the most notable trust in the sector when it comes to Japan, with the trust having a 19% weighting to the country. However, the trust managers are Japan specialists and take a differentiated, value-driven approach to markets. For example, a key part of the strategy is to invest in what the managers believe are undervalued investment trusts trading at a discount, and to capture the enhanced returns that a tightening of the discount produces. In some ways, the tilt towards Japan in value funds also mirrors some of the success we’ve seen in country specialist trusts. For instance, AVI Japan Opportunity (AJOT), which is managed by the same company as AGT, also takes a value-driven approach to Japanese Smaller Companies and has enjoyed a strong 12 months compared to its benchmark. Similarly, CC Japan Income & Growth (CCJI) has had a very strong 12 months. The trust managers look to invest in companies that can pay increasing, sustainable dividends, and have been able to benefit from some of the corporate reforms we’ve seen in Japan over the past decade. For investors considering Japan, CCJI arguably offers a more attractive approach today. As we noted earlier this year, valuations in Japan do look attractive and corporate reforms, as well as modest inflation levels, continue to act as a tailwind for investors. However, stylistic calls remain hard to make and the balance that CCJI offers – valuation-conscious but not pure value plays – may be the better choice to make today. |
Posted at 14/6/2011 16:09 by knowing Should be another up day for FJV tomorrow looking at the futures |
Posted at 29/12/2009 09:40 by mangal Japanese markets have moved up strongly over the last month: up 17%+, easily beating all other world-indices. FJV has lot of catching up to do. |
Posted at 16/5/2008 20:04 by cyborg27 Just looked on Trustnet, and FJV is the top NAV performer recently - doing really well. |
Posted at 16/5/2008 10:48 by knowing Japan's Sumitomo Mitsui Financial FY net rises 4.6 percent on one-off gainsTOKYO (Thomson Financial) - Japanese banking group Sumitomo Mitsui Financial Group Inc. said Friday its net profit rose 4.6 percent in the fiscal year ended March, boosted by one-off gains from the recent consolidation of its leasing units. Japan's third-largest banking group said the one-off gains more than offset the bigger writedowns it took for non-financial institutions in Japan and losses related to its subprime loan exposure. The company posted net profit of 461.54 billion yen ($4.4 billion), up from 441.3 billion the year before. Pretax profit before extraordinary items grew a marginal 4.1 percent to 831.2 billion yen. Revenue rose 18.5 percent to 4.62 trillion yen. SMFG incurred a total loss of 93 billion yen from the sale of part of its residential mortgage-backed securities and other securitized assets, as well as from writedowns and loan-loss provisions. The loss announced was smaller than the estimate given by SMFG in January, when it said it was expecting such losses to reach 99 billion yen. SMFG said it also booked a loss of 30 billion yen to write down part of its exposure to U.S. bond insurers. The group said it spent some 147.8 billion yen to clean up its bad debts in the year to March 2008, compared to the earlier estimate of 110 billion yen, as it had to downgrade the classification of some of its borrowers and set aside extra provisions. But it generated more than 100 billion yen in equity method gains from the consolidation of its leasing subsidiaries. The company declared an annual dividend of 12,000 yen per share in the fiscal year just ended, compared to 7,000 yen paid in the year to March 2007. For the current fiscal year to March 2009, SMFG forecasts a net profit of 480 billion yen and a pretax profit of 850 billion yen on revenue of 3.90 trillion yen. It plans to pay an annual dividend of 14,000 yen per share this year. |
Posted at 16/5/2008 10:15 by cyborg27 I was in with FJVW (warrants)for quite a while. Could have taken big profits just prior to dot com bubble bursting, but got burned in the end like many others. Stayed in for recovery that never came. Let's hope this time with FJV, things recover in Japan on a sustained footing & with substance. (Dreading massive earthquake in Tokyo!!!) I also have Invesco Perpetual Japan smaller companies oeic - can be volatile - good & bad. |
Posted at 17/3/2008 11:47 by gb904150 Perhaps....I don't actually own FJV, but I like the slight gearing, the discount, the undervalued currency, the low price/book values and the Japanese market long term (given that it has already had it's 20 years of deflation and is likely to be one of the first to resume growth after the current slowdown).I also like its proximity to growing Asian economies. I still maintain that FJV will make a great buy, but timing that is going to be hard. I didn't think that FJV would sink quite this low, but perhaps this is a good entry point. Massive pessimism. |
Posted at 12/3/2008 16:20 by gb904150 What I find strange is that recent stock falls in indices such as TOPIX that FJV tends to follow should have been offset to some extent by an appreciating currency - thus the effect on FJV which is quoted in £ should have been less pronounced.The JPY has gained against GBP esp. during strong stock market falls as the carry trade unwinds. That should have protected FJV's value somewhat, but it hasn't. I know the discount is wide again - around 15% but the discount doesn't explain all of FJV's weakness. |
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